Trade Review for June. The profit is $6137.
Meeting blog readers.
It was June and we can sum it up. June trading increased my deposit by $6137.
I trade with Maximarkets brokerage company.
The last month was not boring in terms of the news background. Donald Trump continued to make statements regarding trade. It was clear that he was not going to overrule the duty decision. And this has exacerbated the trade conflict between the U.S. and other countries. First of all, with China and the European Union.
G7 summit was held in June. The participants seemed to have agreed on free, fair and mutually beneficial trade, which was reflected in the final communiqué. And everything would be fine if it weren’t for one unpleasant fact. Donald Trump withdrew his signature from this document, which of course slightly spoiled the mood of the G6.
June 12-13, the U.S. Federal Reserve’s Open Market Committee met again and eventually raised the rate to 1.75-2 percent. Markets reacted relatively calmly, as they were waiting for such a decision.
Well, another event in June that can’t be ignored is the OPEC+ meeting. It happened in Vienna. Participants agreed to revise quotas under the 2016 agreement and increase production by 1 million barrels per day. They had a deal, and Mr. Trump wasn’t happy about it. He wished the OPEC countries to increase production by 2 million barrels per day. And Saudi Arabia expressed its willingness to fulfill the desire of the American president, which was not liked by other parties to the agreement. In general, the oil market is turbulent. Same as everywhere else, though.
Something I’m fond of about the news. I’m moving on to my trading.
Best trade of the month
It was a gbpusd sale on June 14th after the release of weak statistics on the UK economy and taking into account technical analysis data. Profit on the deal was 5030 dollars.
Lucky last month was trading on usdtry currency pair. In the run-up to the presidential elections, the Turkish lira was falling rapidly. However, this trend has been observed in the national currency market of Turkey for several months now. Profit from the Turkish lira trade amounted to almost $8,000.
Well, the most unsuccessful deal of the month was the sale of usdrub, which was closed with a loss of 6223 dollars.
July-August is the most popular time to relax all over the world. That’s why no major events are expected. Well, we’ll see what happens, actually.
Would you like to see my trading statement-statements in June? Then download it below: